Grass (GRASS), a decentralized network infrastructure token, has experienced a dramatic price surge of 22.03% in the past 24 hours, reaching $0.257258 as of February 28, 2026, at 21:37 UTC.
The rally represents one of the strongest single-day performances among mid-cap cryptocurrencies, with GRASS posting gains of 12.49% in just the past hour, suggesting accelerating momentum as the trading session progresses.
Price Action and Volume Metrics
The token has rallied from a 24-hour low of $0.197057 to a high of $0.256646, representing a significant intraday range of approximately 30%. Current trading volume has reached $24.67 million, indicating substantial market participation in the move.
Grass’s market capitalization has expanded by 20.74% over the same period, climbing to $120.18 million and securing the #235 ranking among all cryptocurrencies. The market cap increase of over $20.6 million reflects genuine buying pressure rather than low-liquidity price manipulation.
Extended Performance Context
The 24-hour surge is part of a broader uptrend, with GRASS posting gains of 35.44% over the past seven days. The monthly performance shows a more modest 3.29% increase, suggesting the recent rally marks a significant acceleration in bullish momentum.
However, the token remains significantly below its all-time high of $3.89 reached on November 8, 2024, trading down 93.55% from that peak. The current price represents a 50.60% recovery from its all-time low of $0.166785 recorded on February 6, 2026, just three weeks ago.
Supply Dynamics
With a circulating supply of 471.61 million tokens out of a maximum supply of 1 billion, GRASS has approximately 47.16% of its total token supply currently in circulation. The fully diluted valuation stands at $254.82 million, more than double the current market cap.
What This Means for Traders
The sharp hourly gain of 12.49% suggests potential short-term volatility ahead, with traders advised to monitor for either continuation or reversal patterns. The substantial trading volume provides liquidity for position entries and exits, though rapid price movements can trigger increased slippage.
Market participants should note that despite today’s strong performance, GRASS remains in a long-term downtrend from its 2024 peak, requiring sustained momentum to establish a confirmed trend reversal.
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About the Author: Ananya Melhotra
